Teza Capital Management LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Teza Capital Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 436.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,163 shares of the credit services provider's stock after buying an additional 3,387 shares during the quarter. Teza Capital Management LLC's holdings in Mastercard were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MA. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in Mastercard during the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA traded down $5.74 during midday trading on Tuesday, hitting $580.67. The company's stock had a trading volume of 1,964,235 shares, compared to its average volume of 2,608,388. The firm has a market capitalization of $529.40 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a fifty day moving average price of $538.11 and a 200 day moving average price of $536.73. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Piper Sandler reissued an "overweight" rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.